RT Token Terminal 📊 (@tokenterminal)Top stablecoins: @Tether_to's USDT @circle's USDC @ethena_labs' USDe @SkyEcosystem's USDS https://t.co/dVs2MMiFdi ...

RT Tamar 天马 (@tamarincrypto)Another Solid Week for Stablecoins on Solana!Total USDC borrowed on @KaminoFinance surged by $100M in just over a week.@humafinance bringing the 4th PayFi Summit back to Singapore during TOKEN2049 on October 1st.@r2yield and @saros_xyz are partnering to launch $R2USD on Solana. Backed by T-Bills and private credit, R2USD offers real yield with ETF-style simplicity.@circle minted $1.25B USDC on Solana this week, including $750M on Aug 8, 2025.For the first time, @Tether_to USD cro ...

Since the GENIUS Act passed, the total stablecoin market cap grew $9.11B in 23 days 🤯The biggest gains are coming from the top 5 players!Check out who’s leading the charge 📊:1️⃣ @ethena_labs USDe: The integration of PT-USDe with @aave and @pendle_fi has fueled its $4.19B growth, making it the fastest-growing stablecoin following the approval of the GENIUS Act.2️⃣ @Tether_to USDT: $3.71B3️⃣ @SkyEcosystem USDS: $1.30B4️⃣ @PayPal PYUSD: $146.01M5️⃣ @Ripple RLUSD: $102.74M ...

Scaling DeFi in general, and USDS in particular.Steakhouse Financial (@SteakhouseFi):Credit ratings compress complexity into clarity. In TradFi, they turn products into usable inputs. Unlocking liquidity, reducing search costs, and enabling scale.For the first time, a stablecoin system has crossed that threshold. That stablecoin is @SkyEcosystem USDS https://t.co/gXoifgslRk ...

🔍 About USDfUSDf is Falcon Finance's stablecoin: fully onchain, collateralized by both crypto and real-world assets.Mint USDf with:> USDT, USDC, DAI, USDS, USD1, FDUSD> BTC, ETH, SOL, XRP, and other blue-chip assets> Tokenized T-Bills ...

Market Dynamics & Risk Assessment - A single large sell order of 100,000 units triggered a liquidation cascade on @quanto, causing IMF's value to plummet from $30 million to $5 million within an hour [1] - The rapid price decline prevented the protocol from liquidating IMF tokens at their loan values, resulting in USDS lenders losing approximately $600,000 [1] - This loss represented a 1% haircut to USDS lenders, as total USDS deposits on the platform amounted to around $60 million [1] - A similar cascade on coins with loans of $10+ million could have had more significant consequences, but is less likely due to higher liquidity [1] - Lending USDS on IMF exposes lenders to the aggregate risk of all borrowable coins on the platform, rather than the isolated risk of a single coin [1] - While this approach mitigates the risk of total loss from a single pool, it introduces contagion risk across the platform [1] IMF Recovery & Trading - IMF has shown strong recovery, increasing 4x from its lowest point after the cascade [1] - IMF is listed on @quanto with 10x leverage for trading [1] - Users can deposit IMF and use it to trade IMF [1]

Spark Infrastructure - Spark infrastructure involves a process of Mint → Bridge → Deploy → Earn Yield [1] - USDS, sUSDS, sDAI, and USDC flow through SkyLink, CCTP, and Spark's ALM system [1] - The flow is designed to earn, rebalance, and sustain the Sky Savings Rate [1] DeFi Innovation - DeFi is evolving beyond passive strategies [1]

Stablecoin Overview - Stablecoins like $USDT, $USDC, $USDS, and $USDe are pegged 1:1 to the US Dollar, serving as a base value [1] DeFi Integration - DeFi protocols such as Aave, Ondo Finance, and Maple Finance offer lending, staking, and yield opportunities for stablecoins [2] Use Cases - Stablecoins facilitate various general uses, including booking hotels via Travala, making online payments through Paydify, and enabling merchant checkouts with Alchemy Pay [3]

Overview - The report focuses on the International Meme Fund (IMF), a lending protocol on Base aiming to provide credit to memecoin holders [2] - The analysis suggests IMF could be a proving ground for next-generation permissionless credit engines [4] Key Features of IMF - IMF allows users to post meme assets like $MOG, $PEPE, and $IMF as collateral to borrow Sky Protocol's $USDS [2] - It is built on Morpho Labs's Multi-Market Factory, with each token in an isolated Morpho Market to prevent risk contagion [3] - Borrowing is allowed up to 50% Loan-to-Value (LTV), with liquidations occurring at 77% Liquidation Loan-to-Value (LLTV) [3] - IMF offers one-click features like Accelerate (loops collateral to 150% long at ~33% start LTV), Amplify (optimizes Uniswap v3 LP for yield), and Allocate (lets $IMF holders vote on USDS incentive distribution) [3] Industry Implications - The protocol addresses a structural gap in DeFi by providing borrowing/lending paths for memecoin holders [1][4] - By making conviction bankable collateral, IMF contributes to the maturation of the meme economy [5] - The isolated Morpho vaults and overcollateralized USDS model could potentially extend to Zora Coins, niche NFTs, and even exotic Real World Assets (RWAs) [4]

Privacy Pools Evolution - Privacy Pools 的下一代产品已经到来 [1] - 正在为多种资产引入资金池，首先从 @SkyEcosystem 开始 [1] Asset Integration - $USDS 现已上线 [1]